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Sold for $5,000
    • $5,000

    242 Lake Rd, Morristown, NJ 07960

    4beds
    1,822sqft
    SingleFamily
    Built in 1932
    5.83 Acres Lot
    $1,083,300 Zestimate®
    $3/sqft
    $4,735 Estimated rent

    Home value

    $1,083,300

    $1.03M - $1.14M

    $4,735/mo

    Zestimate® history
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    What's special

    Remarks: A stunning private property set on 5.73 Acres including your own lake! A unique property for the most discerning owner. There's a patio surrounded with the lush park-like acreage. The open floor plan features four bedrooms and two baths. The brand-new kitchen includes quartz countertops and stainless-steel appliances. Keyfeatures include new high efficiency heating and cooling system, newly remodeled bathrooms with tasteful finishes throughout! Only three miles from Morristown's finedining, shopping, and entertainment, but feels like a private oasis. Under 3.5 Miles from either Morris Plains or Morristown Train Station. ALSO LISTED FOR SALE GSMLS # 3896955. If rented it will be removed from sale. 2026-02-20

    Zillow last checked:

    Listing updated:

    Source: Zillow Rentals

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Fireplace
    Features
    • Has basement: Yes
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 1,822 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Other
    • Details: Contact manager
    Lot
    • Size: 5.83 Acres
    Details
    • Parcel number: 2201403000000009

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: SingleFamily
    Condition
    • Year built: 1932

    Community & HOA

    Location
    • Region: Morristown

    Financial & listing details

    • Price per square foot: $3/sqft
    • Tax assessed value: $601,300
    • Annual tax amount: $12,038
    • Date on market: 2/17/2026
    • Lease term: Contact For Details

    Price history

    DateEventPrice
    3/11/2026Listing removed$4,800$3/sqft
    Source: Zillow Rentals Report a problem
    3/9/2026Listing removed$1,110,111$609/sqft
    Source: GSMLS #4001090 Report a problem
    3/9/2026Listed for rent$4,800$3/sqft
    Source: Zillow Rentals Report a problem
    12/10/2025Listed for sale$1,110,111+22102.2%$609/sqft
    Source: GSMLS #4001090 Report a problem
    12/9/2025Listed for rent$4,800$3/sqft
    Source: GSMLS #4001092 Report a problem
    7/2/2024Listing removed--
    Source: Zillow Rentals Report a problem
    7/1/2024Sold$5,000-99.5%$3/sqft
    Source: Agent Provided Report a problem
    6/7/2024Price change$949,000-5%$521/sqft
    Source: GSMLS #3896955 Report a problem
    5/10/2024Price change$4,800+4.3%$3/sqft
    Source: Zillow Rentals Report a problem
    5/2/2024Listed for rent$4,600-4.2%$3/sqft
    Source: Zillow Rentals Report a problem
    4/18/2024Listed for sale$999,000+27650%$548/sqft
    Source: GSMLS #3896955 Report a problem
    5/22/2023Listing removed--
    Source: GSMLS #3837409 Report a problem
    4/10/2023Listed for rent$4,800+23.1%$3/sqft
    Source: GSMLS #3837409 Report a problem
    3/29/2020Listing removed$3,900$2/sqft
    Source: Coldwell Banker Residential Brokerage - Maplewood Office #3619337 Report a problem
    3/25/2020Sold$3,600-99%$2/sqft
    Source: Agent Provided Report a problem
    2/26/2020Listed for rent$3,900$2/sqft
    Source: COLDWELL BANKER REALTY #3619337 Report a problem
    11/14/2016Sold$363,000-27.4%$199/sqft
    Source: Public Record Report a problem
    4/6/2016Listing removed$500,000$274/sqft
    Source: Keller Williams - Morristown #3244461 Report a problem
    1/3/2016Price change$500,000-9.1%$274/sqft
    Source: Keller Williams - Morristown #3244461 Report a problem
    12/8/2015Price change$550,000-2.7%$302/sqft
    Source: Keller Williams - Morristown #3244461 Report a problem
    12/3/2015Price change$565,000+2.7%$310/sqft
    Source: Keller Williams - Morristown #3244461 Report a problem
    11/29/2015Listed for sale$550,000-15.3%$302/sqft
    Source: Keller Williams - Morristown #3244461 Report a problem
    5/29/2015Listing removed$649,000$356/sqft
    Source: Weichert Realtors #3186056 Report a problem
    2/14/2015Listed for sale$649,000$356/sqft
    Source: Weichert Realtors #3186056 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$12,038 $601,300
    2024$12,038 -0.1%$601,300
    2023$12,056 +2.7%$601,300
    2022$11,743 +2.1%$601,300
    2021$11,497 +6.5%$601,300
    2020$10,795 +13.7%$601,300 +14.8%
    2019$9,496 +0.7%$523,800
    2018$9,434 +1.6%$523,800
    2017$9,287 -39.5%$523,800
    2016$15,361 +1.3%$523,800 -13.5%
    2015$15,161 +0.1%$605,700
    2014$15,143 +5.1%$605,700
    2012$14,410 +2.5%$605,700
    2011$14,064 +2.5%$605,700
    2010$13,725 +0.1%$605,700
    2009$13,713 $605,700
    2008-- $605,700
    2007-- $605,700
    2006-- $605,700
    2005-- $605,700
    2004-- $605,700
    2003-- $605,700
    2002-- $605,700
    2001-- $605,700
    Find assessor info on the county website

    Neighborhood: Butterworth Farms

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,083,300
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    Estimated market value
    $1,083,300

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